How do you know where to buy?

As a Real Estate Advisor, I will assist you in every step you need during the area selection. A first point to take into account, it is essential to know what you want the property for: to live, to rent it, or as an investment?

Investment and rental properties

If investing is your thing and you want a property that will pay off, we suggest being flexible with your location selection. Your main motivation should be focused on protecting your wealth and how to make it grow. Choose your target market, that is, who you want to rent the property to: students, new families, established families, singles, etc. Then select areas where that type of market is located. It is also important to take into account the statistics of property price changes in the area, in order to know if you could generate a profit once you decide to sell it in the future.

Main or holiday home

In this decision, the objective and the most important thing is the safety and comfort of your family. Therefore, you must take into account the following variables before selecting the area where to buy:

• Schools and educational zones if you have children under 21 years of age. The best school is the one closest to your home.
• Distance from your work area.
• Will you have pets?
• Will you have an office at home?
• Commercial areas.
• Recreation areas.
• Near to where do I want my new property to be located?
• How much space do I want? (Dimensions of the property)
• Would I be interested in a property that is to reform?
• How important is it to me, a property revaluation?

Lars Polegato

Lars is a real estate agent in the city of Santa Cruz de Tenerife, with years of work experience in the sector, where LPC Collective has developed commercial strategies to promote the purchase and sale of properties.